PINS insider Silbermann reports conversions, RSU disposition on 10/01/2025

Rhea-AI Filing Summary

Benjamin Silbermann, a director and reported 10% owner of Pinterest, Inc. (PINS), filed a Form 4 disclosing transactions on 10/01/2025. The filing shows the conversion of 8 shares of Class B common stock into Class A common stock in connection with sales effected under a Rule 10b5-1 trading plan. The report also records the sale of 8 Class A shares at $31.86 and the disposition of 8,414 previously reported RSUs December 13, 2024, and disclaims beneficial ownership of certain shares held by SFTC, LLC and the Silbermann 2012 Irrevocable Trust except to the extent of any pecuniary interest.

Positive

• Transactions executed under a Rule 10b5-1 trading plan adopted on December 13, 2024
• Clear disclosure of conversions, sales, RSU status, and ownership disclaimers

Negative

• Sale of 8 Class A shares at $31.86 reported on 10/01/2025
• Disposition of 8,414 previously reported RSUs (noted as subject to vesting)

Insights

Corporate Governance / Insider Transactions Expert

Insider used a Rule 10b5-1 plan to convert and sell small holdings on 10/01/2025.

The Form 4 shows a planned conversion of 8 Class B shares into Class A shares and a reported sale of 8 Class A shares at $31.86, executed under a Rule 10b5-1 trading plan adopted on December 13, 2024. The filing also records the disposition of 8,414 previously reported RSUs that remain subject to vesting.

This is a routine disclosure that confirms transactions were pre-planned and includes the reporting person’s disclaimers regarding shares held by SFTC, LLC and the Silbermann 2012 Irrevocable Trust. The facts disclosed are transparent and consistent with required Section 16 reporting.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Silbermann Benjamin

(Last) (First) (Middle)

C/O PINTEREST, INC.

651 BRANNAN STREET

(Street)

SAN FRANCISCO CA 94107

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PINTEREST, INC. [ PINS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	10/01/2025		C(1)		8	A	$0	8	I	Benjamin and Divya Silbermann Family Trust
Class A Common Stock	10/01/2025		S(2)		8	D	$31.86	0	I	Benjamin and Divya Silbermann Family Trust
Class A Common Stock								8,414(3)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B Common Stock	(4)	10/01/2025		C(1)			8	(4)	(4)	Class A Common Stock	8	$0	35,736,888	I	Benjamin and Divya Silbermann Family Trust
Class B Common Stock	(4)							(4)	(4)	Class A Common Stock	8,762,530		8,762,530	I	SFTC, LLC(5)
Class B Common Stock	(4)							(4)	(4)	Class A Common Stock	1,174,715		1,174,715	D

Explanation of Responses:

1. Represents the conversion of shares of Class B Common Stock, par value $0.00001 ("Class B Common Stock") into Class A Common Stock, par value $0.00001 ("Class A Common Stock"), in connection with the sale of such shares pursuant to a Rule 10b5-1 trading plan.

2. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 13, 2024.

3. Represents previously reported RSUs that are subject to vesting requirements.

4. Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of the Class A Common Stock. Additionally, each share of Class B Common Stock will, subject to certain exceptions, convert automatically into one share of Class A Common Stock upon any transfer, and in other circumstances as outlined in the Issuer's Certificate of Incorporation.

5. Mr. Silbermann disclaims beneficial ownership of the shares held by the SFTC, LLC, a Delaware limited liability company owned by The Silbermann 2012 Irrevocable Trust. This report shall not be deemed an admission that he is the beneficial owner of such shares, except to the extent of his pecuniary interest, if any, in such shares by virtue of certain of his immediate family members' interests in The Silbermann 2012 Irrevocable Trust.

Remarks:

	Jacquie Katzel, Attorney-in-Fact	10/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Benjamin Silbermann report on the Form 4 for PINS?

The Form 4 discloses the conversion of 8 Class B shares to Class A, the sale of 8 Class A shares at $31.86, and the disposition of 8,414 previously reported RSUs; transactions dated 10/01/2025.

Were the trades executed under a trading plan?

Yes. The sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 13, 2024.

Does Silbermann claim ownership of shares held by SFTC, LLC or the Silbermann trust?

No. The filing includes a disclaimer that he does not claim beneficial ownership of shares held by SFTC, LLC or the Silbermann 2012 Irrevocable Trust, except to the extent of any pecuniary interest.

What is the status of the reported RSUs?

The filing states the 8,414 RSUs represent previously reported awards that remain subject to vesting requirements.

When was the Form 4 signed and filed?

The signature block shows filing actions completed by Jacquie Katzel, Attorney-in-Fact on 10/02/2025, reporting transactions dated 10/01/2025.